S&P changes Hilton view

S&P said it revised the outlook on Hilton Worldwide Holdings Inc. to stable from positive and affirmed all ratings on the company, including the BB+ corporate credit rating.

“The outlook revision reflects our belief that Hilton's policy goal to keep its measure of net debt to EBITDA between 3x and 3.5x will not translate into our measure of adjusted leverage staying below our 4x upgrade threshold over the volatile lodging cycle,” the agency said in a news release.

S&P also said the stable outlook reflects an expectation for a continued good global lodging operating environment through 2018 and that Hilton has a significant cushion in credit measures.

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